These 5 PSUs delivered returns exceeding 500% over the past 3 years
PSU stocks in Fridays trade witnessed traction in anticipation of election results and factoring in the stability of policy for the next five years. Some top performing PSU stocks over the past three years are RVNL, HAL and Bharat Dynamics among others.
As we see a lot of traction in PSU stocks today with most of them clinching their record highs in line with the benchmark indices. Nishit Master, Portfolio Manager, Axis Securities PMS on the sharp surge today in the pack said PSU stocks have started moving in anticipation of election results, and they have started factoring in the stability of policy for the next five years. Apart from this, most of the PSUs have also witnessed strong results this quarter, which again is partly responsible for the move.
Here is a quick take on the winners in the category over 3 years:
RVNL
Shares of the special purpose finance company have zoomed 1218 per cent over the last 3 years from Rs 28.9 apiece on May 24, 2021 to Rs 381 marked today. This is also the stock’s all-time price. The PSU company was established to carry out project development, mobilize financial resources and implement projects pertaining to strengthening of Golden Quadrilateral and Port Connectivity.
Hindustan Aeronautics (HAL)
Shares of the defence major have clocked exorbitant gains of 945 per cent over the last years. The company’s shares which closed at Rs 514.85 on May 24, 2021 marked an all-time high in today’s session of Rs 5378. HAL is a Navratna PSU company operating under the Ministry of Defence, Government of India.
Cochin Shipyard
This ship-building company has delivered a return of 970 per cent in 3 years zooming from a price of Rs 189.78 as on May 24, 2021 to today’s all-time high price scaled of Rs 2030.
Bharat Dynamics
Again from the defence sector, this company has spurted 828 per cent. The stock which commanded a price of Rs 178.7 three years back has zoomed to a new all-time high of Rs 1658.95 as it trades ex-split today.The company is into designing and manufacturing underwater guided weapon system.
Bharat Electronics
Shares of the company have delivered 519 per cent return over a 3-year period. The stock which was priced at a bare Rs 48.28 three years ago has hit a new record high of Rs 298.9 in today’s session.
The company is engaged in the design, manufacture and supply of electronics products/systems for defense as well as for non- defense markets. Its principal products include weapon systems, radar and fire control systems etc.
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